Cerberus Capital Management completed the acquisition of Abelo.

Cerberus Capital Management, a private equity firm specializing in distressed investing, completed the acquisition of Abelo, an aircraft leasing platform specializing in turboprop aircraft, from Oaktree, a private equity firm. Financial terms are not disclosed. “This transaction marks an exciting milestone for Abelo. We’re incredibly proud of what we’ve built in a short space of time, and grateful for the support from Oaktree in helping us establish a purpose-driven platform with a clear vision for the future of regional aviation. With Cerberus as our new partner, we’re well positioned to accelerate our growth, deepen our customer relationships, and continue delivering solutions that support more efficient and sustainable air connectivity around the world,” Stephen Gorman, Abelo CEO.